The Committee on International Trade calls on the Committee on Legal Affairs, as the committee responsible, to incorporate the following suggestions into its motion for a resolution:

Emphasises that sustainable corporate governance can help the EU to build a more resilient and sustainable economy, improve the level playing field and protect EU businesses and citizens, and is therefore hugely beneficial to EU trade policy;

Notes that the COVID-19 crisis has exposed the vulnerabilities of unregulated global supply chains, and that businesses with better environmental, social and governance practices and risk mitigation processes weather the crisis better; ...

Stresses that directors’ duties should encompass an obligation to develop, disclose and implement a corporate sustainability strategy for all aspects of the company’s operations, including its supply chains; ...

Notes that sustainable corporate governance cannot reach its full potential without due diligence legislation that requires companies to identify, prevent, mitigate and account for human rights abuses and environmental damage in their global value chains.